Binary options are prohibited in the European Economic Area. Between 74-89 % of retail investor accounts lose money when trading CFDs.
You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.
Exclusive promotion: get a free account

Get a free $10,000 demo account!

Your capital is at risk
Binary Options are prohibited in EEA

OlympTrade Broker Review 2019

  • Min. Deposit $10
  • Min. Invest $1
  • Return 80%

OlympTrade is a broker with a variety of tempting options and excellent trading platform. According to the broker, there are over 370 thousands traders that are registered with OlympTrade. In our OlympTrade review, we will talk about the quality of their services and most important facts that are crucial for traders before they register and start trading. During our OlympTrade review, we have acknowledged that broker is a FinaCom member.

OlympTrade broker is a broker that allows low minimum deposit of just $10 and traders can place minimum investment of $1. According to the broker, the maximum payout is 80% which is considered to be industry average. Read more about trading accounts, banking information and customer support in our OlympTrade review below.

OlympTrade Account Features

Unlike many other brokerage companies, OlympTrade review discovered that broker doesn’t provide more trading accounts to choose from. OlympTrade considers all traders need to have the same chances that might lead to success in trading binary options. From our perspective, this sounds like a very democratic decision and besides that, it also enables a clear overview of trading options for their clients.

As we have already mentioned, OlympTrade starts with only $10 minimum deposit which is another indicator that enables every trader to have the opportunity to start investing in binary options. The usual minimum deposit for other brokers goes between $200 and $250 which could potentially reject traders that have no trading experience. Because of this fact, OlympTrade might be an excellent place for binary newbies too.

In our OlympTrade review, we have ascertained that traders can start investing from just $1 and they have the option to choose between EUR and USD. Some brokers don’t allow the option to choose the investment currency, which is another benefit of this broker. It might be important to mention that once the currency is chosen it cannot be changed afterward.

While we were researching the OlympTrade services we have found this broker provides a vast amount of very important features that will help traders in their trading process. The broker doesn’t just allow traders to deposit and trade, they have developed very useful and friendly analytics tools, account manager support and access to financial markets. Besides that OlympTrade traders have the opportunity to get free education materials, but we will talk about that a bit later.

Since there is no option to trade with the different trading account, the OlympTrade review has found there is an option to trade with OlympTrade demo account. Of course, OlympTrade demo account is only available for traders that register with OlympTrade first.

According to the OlympTrade, demo account is filled with 10.000 of virtual funds and it is equipped with complete set of trading tools like real OlympTrade account. A demo account allows traders to test their trading abilities before they start placing trades with real money. OlympTrade review found that demo account allows trading without any investments. According to the OlympTrade support manager, a demo account is available that moment when traders register with broker. There is no need to make a first deposit in order to activate demo account. We are sure many traders will like this decision because most brokers activated demo accounts after traders make a deposit.

Our OlympTrade review found that traders are welcomed with $10 initial bonus after they make a deposit with OlympTrade. Besides a welcome bonus traders can activate other on pay bonuses and promo code bonuses.

OlympTrade

OlympTrade Trading Software

While we were doing the OlympTrade review we have also analyzed the options that are offered and which trading platform is integrated with this broker. According to the OlympTrade, they have implemented a famous Proprietary platform which will give traders a variety of underlying assets to trade with.

OlympTrade review found that traders can choose to trade with standard High/Low options.

Besides that, OlympTrade offered traders to choose between several trading intervals:

  • 3 – 5 minutes
  • 10 minutes
  • 30 minutes
  • One hour
  • One day

We could say that OlympTrade focuses on short-term trading where traders are accepting to trade with higher risk, but with higher profit rates too.

OlympTrade platform is simple and easy to handle with. The menu is placed on the upper part of the platform where prices are positioned vertically. Traders can choose preferred visibility of their trading platform so charts can be either in the form of the line or they could look like colored rectangles.

Below the price scale, the interface allows traders to choose preferred time period. We like that traders can change the appearance of the platform according to their own preferences. The platform also allows traders to select technical analysis option with the opportunity to impose the line indicator.

The bottom part of OlympTrade platform shows all trades that have been placed in the past. This way traders have a great overview of their trading portfolio and history. History is often used for making plans and future strategies so it is very important to use this information too.

OlympTrade review also found out that broker provides mobile applications for iOS and Android. Most of the brokers have decided to cover mobile trading since traders want to track their performance while they are on the go. OlympTrade app let traders track, place and monitor all current trades.

We have to say that browsing through OlympTrade website was a great experience. The site is simple and it welcomes traders with a lot of useful information. The menu is positioned in the upper part of the site with information about the regulation and company. Terms and conditions

OlympTrade Support Information

No matter that OlympTrade is not regulated by CySEC or similar regulators, our OlympTrade review found out that broker takes a lot of care when we speak about their customer support. We couldn’t found any difference between OlympTrade and other regulated brokers. In binary options trading, it is very important to have the access to high-quality customer support agents. Traders usually need to find out necessary information about payments, promotions and available trading options.

The research we conducted for our OlympTrade review discovered that OlympTrade provides several options for customer support. Traders can reach them via phone, live chat, contact form and email. During writing our OlympTrade review we have tested their live chat support and we were very satisfied with their service. The agent we have talked with wasn’t pushing us to open their account, he politely answered all our questions and wished us a good day.

When we speak about the website, traders can choose among several languages, according to their preferences. OlympTrade website is reachable in:

  • English
  • Russian
  • Hindi
  • Indonesian
  • Portuguese
  • Spanish
  • Turkish

When we speak about the education, OlympTrade has made incredible work in this section. We have found various education materials about binary options trading. The materials include webinars, educational videos, introduction to their platform, trading strategies, ebooks and guides with a lot of explanations. We loved this part in our OlympTrade review because we think education of traders is very important.

OlympTrade

OlympTrade Company Information

Our OlympTrade review found out that the owner of the broker is Smartex International Ltd., the company that is registered in Seychelles. The payment transactions are managed by Frandom Holding Ltd. located in Cyprus.

As we have mentioned earlier, the OlympTrade broker has entered the membership with International Financial Commission which is according to the broker, a big and honorable status. We have found the certificate and it can be checked directly on the Financial Commission’s website.   

OlympTrade review also found information about versatile payment options. Traders are welcome to choose to deposit through WebMoney, Yandex, Visa, MasterCard or Qiwi. according to the broker, payment transactions are processed within five working days. This, of course, depends on about bank providers, so it sometimes takes a bit longer for money to be visible on the client’s account.

As we have already mentioned at the beginning of our OlympTrade review, the minimum deposit is only $10 and minimum trade is $1. Traders who wish to withdraw with OlympTrade can start with $10 minimum withdrawal.

In order to make a withdrawal with OlympTrade, traders must make a verification of their trading account. This is being done only once and once when verified, traders can make as many withdrawals they want.

OlympTrade - Review Conclusion

  • The option for demo account
  • Not regulated